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TX HB5140
Bill
Status
3/13/2025
Primary Sponsor
Brooks Landgraf
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AI Summary
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School districts that purchase attendance credit under the public school finance system receive a 10 percent reduction in the total amount owed if they prepay
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To qualify for the 10 percent credit, districts must elect the payment method under Section 49.154(a)(2) and pay the full amount by February 15 of the applicable school year
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The prepayment reduction is applied after any other reductions the district qualifies for under Section 49.157 or other provisions of Chapter 49
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Adds new Section 49.1541 to Subchapter D, Chapter 49 of the Education Code
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Effective date: September 1, 2025
Legislative Description
Relating to a credit for prepayment of the amount required to be paid by a school district for the purchase of attendance credit under the public school finance system.
Education
Last Action
Referred to Public Education
4/7/2025